Pros & Cons

Pros

  • +Welcome Bonus: $200
  • +No annual fee

Cons

  • No purchase protection

Our Review

Elevate Your Student Spending with the Bank of America Customized Cash Rewards for Students Card

  • 6% cash back in a category you choose each month for your first year (3% thereafter) on up to $2,500 combined quarterly spend—choose from gas & EV charging, online shopping, dining, travel, drugstores or home improvement
  • 2% cash back at grocery stores and wholesale clubs on up to $2,500 quarterly spend
  • 1% cash back on all other purchases
  • $200 online bonus after you spend $1,000 in the first 90 days
  • 0% intro APR on purchases and balance transfers for 15 billing cycles
  • No annual fee

Designed for students with good to excellent credit, this card lets you maximize rewards on the purchases that matter most—whether you’re fueling up, ordering textbooks online or grabbing groceries for your dorm. Change your bonus category each month to match your plans, redeem any amount of cash back immediately, and take advantage of an extended no‑interest period for larger expenses.

Terms apply. Quarterly cap of $2,500 on 6%/3% and 2% categories before earning 1%. Balance transfer fee: 3% for first 60 days, then 4%. Ongoing APR: 18.24%–28.24% variable. Foreign transaction fee: 3%. See issuer for details.

Rewards

All Spending

1x

Cash Back pts per dollar

Groceries

2x

Cash Back pts per dollar

Credit Card Rewards Calculator

See how much you could earn with this card based on your spending.

¢/ point
0.50¢
Groceries2x
$700/mo
Gas & EV1x
$200/mo
Transit1x
$100/mo
Restaurants1x
$300/mo
Pharmacy1x
$50/mo
Travel1x
$150/mo
Bills & recurring payments1x
$250/mo
Telecom1x
$150/mo
Entertainment & streaming1x
$100/mo
Office supplies1x
$0/mo
All other spending1x
$500/mo

Points Earned

38,400

Cash Back/yr

Estimated Value

$384

After Fees

+$384

1st Year Value

$386

incl. welcome bonus

Breakdown

Groceries$8,400/yr × 2x16,800 pts
Gas & EV$2,400/yr × 1x2,400 pts
Transit$1,200/yr × 1x1,200 pts
Restaurants$3,600/yr × 1x3,600 pts
Pharmacy$600/yr × 1x600 pts
Travel$1,800/yr × 1x1,800 pts
Bills & recurring payments$3,000/yr × 1x3,000 pts
Telecom$1,800/yr × 1x1,800 pts
Entertainment & streaming$1,200/yr × 1x1,200 pts
All other spending$6,000/yr × 1x6,000 pts
Total annual spend$30,000
Total monthly spend$2,500
Average earn rate on spend per year1.28x
Total points earned38,400 pts
Value of points accumulated in the first year$384

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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Milesopedia USA may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 Bank of America. All trademarks are property of their respective owners.